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  • UBS Taps 30-Year Veteran Andrew Bird to Spearhead Australian Wealth Management Division

    UBS Taps 30-Year Veteran Andrew Bird to Spearhead Australian Wealth Management Division

    UBS, the multinational investment bank and financial services company, recently declared the appointment of Andrew Bird as its new Head of Global Wealth Management (GWM) for Australia. With a career spanning three decades and a previous tenure at UBS, Bird brings valuable experience and expertise to the role.

    New Head of Wealth Management

    Andrew Bird has officially taken over as Head of Global Wealth Management for UBS Australia, from April 27. In addition to his primary role, Bird is joining the bank’s GWM management team, overseeing operations in diverse regions including Southeast Asia, Japan, India, and Australia. He will also play a substantial part in the Australia Country Management Forum.

    Bird’s base of operations will be in Sydney, where he will report directly to Jin Yee Young, the Co-Head of GWM APAC. At the local level, Bird will coordinate with the Co-Country Heads of Australasia, Nick Hughes and Greg Peirce.

    Experienced Professional

    Bird’s professional journey spans over 30 years in wealth management and institutional markets. His most recent role was leading the wealth management division at National Australia Bank’s JBWere for the past decade. Bird is no stranger to UBS. Here, he previously served as the Market Manager for Melbourne in the wealth unit. Bird’s distinguished career also includes holding senior private banking positions at Credit Suisse and Citi.

    UBS has confirmed Bird’s appointment and his outlined responsibilities through a spokesperson.

    Questions & Answers

    Who has been appointed as the new Head of Global Wealth Management for UBS Australia?
    Andrew Bird has been appointed as the new Head of Global Wealth Management for UBS Australia.

    What other roles will Andrew Bird be undertaking at UBS?
    Aside from his chief role, Bird will join the GWM management team, responsible for Southeast Asia, Japan, India, and Australia. He will also participate in the Australia Country Management Forum.

    What is Andrew Bird’s professional background?
    With over 30 years of experience across wealth management and institutional markets, Bird has previously worked for National Australia Bank’s JBWere, Credit Suisse, and Citi. His prior role at UBS was as the Market Manager for Melbourne in the wealth unit.

  • Electric Scooter Startup Bird Raises $275 Million In Latest Funding Round

    Electric Scooter Startup Bird Raises $275 Million In Latest Funding Round

    Bird, an electric scooter rental company, said on Thursday it had raised $275 million in a funding round led by Canadian pension fund CDPQ and Sequoia Capital, as it looks to take a bigger share of a rapidly growing transportation sector.

    The deal values the firm at $2.5 billion before the investment, Chief Executive Officer Travis VanderZanden told a tech conference in San Francisco.

    VanderZanden said Bird has been working hard to improve its financials, deflecting criticism that the company has been chasing growth at all costs.

    The company has designed its own rugged scooters, which last about 15 months on average, compared with the three-month life span it got from retail scooters, he said.

    Bird, known for its dockless scooters that riders can locate and unlock through a smartphone app, has enjoyed a stratospheric rise, while also causing mayhem in cities such as San Diego and San Francisco.

    It has raised the ire of regulators and residents because the scooters, which can be left anywhere, have littered sidewalks and parks and blocked driveways and doorways. Scooter riders on crowded sidewalks have also caused problems.

    A dozen electric scooter companies have received more than $1.5 billion in investments in total, according to a report issued earlier this year by Boston Consulting Group.